Eligibility and Documentation of Regular Fixed Deposit

Below are the individuals and groups eligible for a Regular Fixed Deposit:

Residents

Hindu undivided families

Sole proprietorship firms

Partnership firms

Limited companies

Trust accounts

A few things to note:

An initial deposit of Rs. 5,000/- is required to open a Fixed Deposit.Effective 01st April 2010, PAN is mandatory to book Fixed Deposits if the total Fixed Deposit holding per customer id per branch exceeds 50,000/-

Tax Deductions For Re-investment Fixed Deposits

The following will be applicable for a Regular Fixed Deposit

TDS will be deducted when interest payable or reinvested on RD and FD per customer across all branches, exceed Rs.10000 in a financial year

Nomination Facility through NetBanking

You can now make a nomination while booking Fixed deposits through NetBanking.

If you are booking a Fixed Deposit on NetBanking on a single name, then you can either select the nomination made in the base Savings account or add a new nominee.

If you are booking a Fixed Deposit on NetBanking in a Joint name, then you can only select the nomination made in the base Savings account. In a joint holding Fixed Deposit if you wish to add a new nominee, then you will need to visit the branch.

For existing single holding Fixed Deposits, Customers can add a new nominee or modify a nominee through NetBanking instantly.

For existing joint holding Fixed Deposits, Customers can download the filled Nomination form from NetBanking, take signatures from all holders, and submit it at nearest HDFC bank branch, for updating in our systems.

Our Sweep-in facility. With this facility you can have funds transferred to your Savings / Current account from your Fixed Deposit if the balance in your Savings/Current Account falls below a certain limit. This limit can be decided by you.

Have questions?

What documents are required to open a senior citizen Regular Fixed Deposit?

While opening the account, the customer needs to provide proof of age establishing that he/she is a Senior Citizen. To accomplish this, either of the following can be submitted: